Le Travenues Technology (ixigo) has announced the grant of 98,944 options under its Employee Stock Option Schemes (ESOS 2013, ESOS 2016 and ESOS 2021). The options, approved on January 22, 2026, vest over a period of one to four years and can be exercised within five years of vesting. These options are granted at an exercise price of ₹93 per option.
Employee Stock Option Grant
Le Travenues Technology Limited (ixigo) has granted a total of 98,944 options to its employees under its existing Employee Stock Option Schemes. The decision was made during a Nomination and Remuneration Committee meeting held on January 22, 2026.
Details of the ESOP Grant
The options are distributed across three schemes:
- ESOS 2013: 776 options
- ESOS 2016: 3,396 options
- ESOS 2021: 94,772 options
The options are granted at an exercise price of ₹93 per option.
Vesting and Exercise Periods
The vesting period for options granted under ESOS 2013 is one year. Options granted under ESOS 2016 and ESOS 2021 will vest over a period of four years, with 25% vesting annually.
The exercise period for all granted options is five years from the date of vesting. If an employee resigns, vested options can be exercised within 365 days of their last working day.
Objectives of the Schemes
The ESOP schemes are designed to:
- Motivate and retain talented employees.
- Align employee interests with the long-term interests of the company.
- Foster a sense of ownership and participation.
- Provide deferred rewards to employees.
Source: BSE
